Guest speaker Brian Wruk will be presenting, "Planning for the American-Canadian Client." In this Knowledge Circle Brian will discuss vital considerations regarding Financial Planning for clients that have ties to Canada and the USA or are transitioning across the border. Brian is an American/Canadian Dual Citizen and a 27-year Financial Planning Veteran working with American and Canadian residents. He’s the author of two bestselling books: The Canadian in America and The American in Canada
05-15-2024 | 10:00 - 11:00 ET
A US resident taxpayer accessing OHIP runs the risk of an Ontario or Canada Revenue audit and, ultimately, a finding that he or she reacquired Canadian tax residency (or worse, never stopped being a Canadian tax resident). Such a finding, in turn, may trigger Canadian tax liabilities, interest, and penalties—and could very well cost the taxpayer the most important tax advantages associated with exiting Canada
Contrary to what one might expect, Canada is tougher than the US
Like hot water heaters, pairs of scissors, chicken fingers, pizza in a square box--and Canadian accountants dispensing US tax advice. I shudder to think of how many times Canadians have told me and my +KeatsConnelly colleagues that their accountants advised them, as green card holders, to file nonresident US tax returns because they are still filing Canadian resident (T1) tax returns in Canada
Last year I was involved in a project sponsored by the FPSC Foundation in Canada to review published research in the field of financial planning from Canada, US, UK and Australia between 2003 and mid-2010 when we did the project
In the context of Canada-US planning, who is really affected by Section 2801 tax?...They surrendered their green cards and returned to Canada to start a family and help run a growing family business in 2010
The US Tax Haven and the "E" Visa Keep in mind that the United States is a tax haven for people from many countries, including Canada. Read +Take Your Money and Drive ( A Canadian's Best Tax Haven: the US), the 2012 guide by +KeatsConnelly President +Robert Keats
The vast majority of participants are from Universities from the USA and Canada but like the FPA itself, the gathering attracts professors from Europe, Asia and around the globe
Continuing payments from decedent’s Canadian defined benefit pension
Although there seems like a world of differences between the challenges in the US or Canada and those being experienced in India or Brazil, we all continued to learn of how much the challenges of building a profession sound the same regardless of what oceans surround us
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